Life Insurance

Aegon Life iSpouse Insurance Plan iSpouse Insurance Plan

Death Benefit - 100% Sum Assured paid as lump sum immediately - Monthly payment of 1.75% of Sum Assured for a period of 60 months commencing from next monthly policy anniversary.
Maturity Benefits No
Income Tax Benefits Premiums paid: Tax Benefits under section 80C of the Income Tax Act; Death Benefit: Tax Benefits under section 10(10D) of the Income Tax Act
Single Premium Option Yes
Cover Increment 50 percent or maximum of 50 lakh of death benefit upon marriage, 25 percent or maximum of 25 lakh of death benefit upon 1st child and 2nd child each
Payout form of Death Benefit for 10 years
Additional Benefits Inbuilt Accidental Death Benefit, Inbuilt Terminal Illness Benefit
Premium Payment Frequency Monthly & Annually
Exclusions Suicide: Suicide in the First Year, Sexually transmitted diseases


Minimum Entry Age 21 Years
Maximum Entry Age 60 Years
Maximum Maturity Age 65 Years
Policy Term (Years) Minimum - 5 years; Maximum: 65 years minus higher of the entry age of two lives.
Premium Paying Term Equal to policy term
Sum Assured Minimum - Rs. 25 lakh; Maximum - No Limit


Aegon Life WoPon CI Joint Life Rider

This rider covers the following 4 critical illness conditions:

  • Cancer
  • Coronary Artery Bypass Surgery
  • Heart Attack
  • Stroke

If any of the two lives get diagnosed with any of these four critical illnesses, future premiums payable under the base plan are waived while the life cover continues.